Standard Insurance Share Company (SISCo) is a dynamic, community-driven entrant in Ethiopia’s insurance sector. Officially licensed by the National Bank of Ethiopia (NBE) on October 1, 2025, SISCo holds the distinction of being the country's 19th insurance provider. Founded with a vision to deliver reliable and inclusive services nationwide, the company combines broad stakeholder engagement with financial stability to ensure sustainable growth and maintain a resilient, competitive position in the Ethiopian market.
Key Highlights & Financial Standing
- Strategic Origin: Founded through the Awach SACCOS initiative.
- Shareholder Base: Established by 1,747 founding shareholders.
- Total Capital Subscription: ETB 305.8 million.
- Initial Paid-up Capital: ETB 135.6 million.
Core Motto
"Your trust, our standard"